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REGISTERED NUMBER: SC005809 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Cowdenbeath Football Club, Ltd. (The)

Cowdenbeath Football Club, Ltd. (The) (Registered number: SC005809)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Balance Sheet 1


Cowdenbeath Football Club, Ltd. (The) (Registered number: SC005809)

Balance Sheet
30 June 2023

30.6.23 30.6.22
£    £   
CURRENT ASSETS 64,516 115,890

CREDITORS
Amounts falling due within one year (29,329 ) (76,683 )
NET CURRENT ASSETS 35,187 39,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,187

39,207

CREDITORS
Amounts falling due after more than
one year

(223,353

)

(228,590

)

ACCRUALS AND DEFERRED INCOME (42,592 ) -
NET LIABILITIES (230,758 ) (189,383 )

CAPITAL AND RESERVES (230,758 ) (189,383 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Cowdenbeath Football Club, Ltd. (The) is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC005809

Registered office: Central Park
Cowdenbeath
Fife
KY4 9QQ

2. GOING CONCERN

At the balance sheet date, the company's liabilities exceeded its assets.
In order to meet its day to day working capital requirements, the company requires the continuing support of its directors and supporters.
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The directors have reviewed the financial position of the company and prepared forecast budgets and cash flow forecasts.
If the company was unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values to their recoverable amounts and to provide for further liabilities that may arise.
The directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

Cowdenbeath Football Club, Ltd. (The) (Registered number: SC005809)

Balance Sheet - continued
30 June 2023

NOTES TO THE FINANCIAL STATEMENTS

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 23 (2022 - 27 ) .



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





D A Allan - Director